Analysts Stick By Nomura,
Calling Stock A Good Deal

By

Robert Steiner Staff Reporter of The Wall Street Journal

Updated March 14, 1997 7:13 a.m. ET

The share price of Nomura Securities has fallen 13% since the company's most recent scandal erupted last week, but the stock probably won't drop much more. Over the long term, deregulation is a far bigger challenge than scandal for Japan's biggest brokerage company -- and Nomura is set to meet that challenge and thrive, analysts say.

So as the stock drops, investors should be looking for chances to buy it. At Thursday's close of 1,380 yen ($11.28), Nomura's stock is nearing its fair-value level of 1,250 yen a share, says...